Purchase price: $990,000 Cash invested: $350,000 Purchased this home with my former partner back in 2018 and we put 200k down.

I want to purchase my sisters house as my first investment.

While not mandatory to purchase in an LLC, I would recommend it.

Again, on the flip side, the brokers on our list who have been around for a long time (a decade) have become quite reliable.

A strong property manager should have a reliable network of vendors and ensure competitive rates for the work they oversee.

Hey Jeff without knowing any details everything is what you are able negotiate. but you have to take in account the years interest rate and purchase price and what kind of cash flow.I will say get a mentor if you’re inexperienced these kind of deals can go left if you really have little knowledge when it comes to structure .

A quick formula you can use is your estimated purchase price times .0134. 

If you used them to purchase another rental/ use for another business endeavor...the process starts over. 

I plan to purchase a primary residence, multi-family home (2-5 units, 'house-hack'). 

What the IRS is concerned with is when you are doing a 1031 and want to purchase a property from a related party.